Click here to download the 2023 SHIBA Report

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Click here to download the 2022 SHIBA Report

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Click here to download the 2021 SHIBA Report

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Click here to download the 2020 SHIBA Report

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Download the 2023 Annual Convention Journal

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TO: Local Board Presidents, Members

FROM: NAREB Board of Directors

REF: AMENDMENT DRAFTS TO CONSTITUTION AND BYLAWS, WORKING COPY

The Board of Directors, during a Special Meeting on July 6, 2023, brought forth the following draft amendments to the NAREB Constitution and Bylaws.  The attached draft copies will be reviewed by NAREB legal counsel for corrections and recommendations.  As per the Constitution, notice is being given to Local Boards and Members.

The following amendments are presented:

• Regional Vice Presidents Election Process and Procedures
• Adoption of NAREB DBA and Tagline​ –
  • Black National Association of Real Estate Brokers (BNAREB)​
  • The Premier Network of Black Real Estate Professionals
• Grievance and Complaint procedures
• Adoption of Member Board Agreement
• Membership Policy Agreement with Alternative Dispute Resolution (ADR)
• Branding and Logo Policy with Intellectual Property Policies and Procedures
• Ceasing Usage of NAREB Intellectual Property
• NAREB Membership Management Policy Assessment
• NAREB Indemnity and Hold Harmless Amendment

The final documents will be reviewed by the NAREB legal department for corrections and or recommendations. As per the Constitution, notice is being forward.

CONSTITUTION – ARTICLE XIII

The Constitution may be amended by 2/3 vote of the certified members present at any meeting of the Association, provided the substance of the proposed amendment has been submitted in writing to the Member Boards and posted on the official NAREB Web Site to the general membership, at least thirty (30) days in advance of their adoption.

BYLAWS – ARTICLE XIII AMENDMENTS

These By-Laws may be amended by 2/3rd vote of the Board of Directors at any meeting of the Board, provided the substance of the proposed amendment has been submitted in writing to the NAREB Member Boards, and posted on the official NAREB Web Site to the general membership, at least thirty (30) days in advance of their adoption. The final action taken by the Board with respect to any revision shall be posted on the official NAREB Web Site.

Click the image below to read the amendments or the bottom below to download the Constitution and Bylaws

Constitution Amendment - Article XIII

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Attend NAREB’s Congressional Black Caucus panel – experts discuss how Special Purpose Credit Programs can be a gamechanger for increasing Black homeownership

WASHINGTON, DC, UNITED STATES, September 26, 2022 /EINPresswire.com/ — MEDIA ADVISORY FOR WEDNESDAY, SEPTEMBER 28

WHO:
• Rep. Gregory Meeks (D-NY5)
• Lisa Rice, President & CEO National Fair Housing Alliance
• Lydia Pope, President NAREB
• Ashley Thomas, III NAREB 1st Vice President
• Maurice Jourdain Earl, Managing Director ComplianceTech
• Martice Mills, Chief Strategy Officer The Change Company
• Kevin Blackburn, Managing Director, Public Affairs, FHLBank of San Francisco
• Mark Alston, NAREB PAC Chair

WHAT:
After HUD issued a guidance in December 2021 clarifying that Special Purpose Credit Plans (SPCPs) do not violate the Fair Housing Act, organizations and financial institutions have initiated plans to develop SPCPs that can address discrimination in mortgage lending, systemic racism, and redlining. Allowable since 1974 as a provision of the Equal Credit Opportunity Act, SPCPs counter biased practices and policies that deprived millions of Black & Brown consumers from access fair mortgage and credit opportunities. These policies limited intergenerational wealth for many Blacks, creating environments that limit their ability to purchase homes. The White homeownership rate is 72%, compared to 42% for Blacks. The median wealth for White families is $188,200, compared to $24,100 for Black families and $36,100 for Hispanic families. SPCPs can help level the playing field. Learn more HERE.

WHEN:
Wednesday, Sept 28 @ 11am

WHERE:
Washington Convention Center Room: 207 B
801 Mt Vernon Pl NW, Washington, DC 20001

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Their work for equality enhanced the quality of life for Black families and helped position them to purchase homes and enjoy the benefits of homeownership

TAMPA, FLORIDA, UNITED STATES, August 8, 2022 /EINPresswire.com/ — The National Association of Real Estate Brokers (NAREB) awarded Rev. Al Sharpton, President of the National Action Network, and Alanna McCargo, President of Ginnie Mae, with their top honors, the Democracy In Housing Award. Rev. Sharpton and Ms. McCargo were cited for careers in expanding equity for people of color at NAREB’s convention and gala last week celebrating the organization’s 75th anniversary.

At a luncheon, Rep. Val Demings, of Florida’s 10th Congressional District, received the ACME Award. Demings is a Democratic candidate for the U.S. Senate.

“We honor Rev. Sharpton, Ms. McCargo, and Rep. Demings for their outstanding work enhancing the quality of life for African Americans, and other people of color,” said Lydia Pope, NAREB’s President. “Their work for equality has helped position Black families to purchase homes and enjoy the benefits of homeownership.”

Rev. Sharpton is the founder of the National Action Network, a civil right organization that has prioritized issues such as racial profiling and police brutality; Ms. McCargo’s career has focused on how the housing finance system can equitably and affordably serve the needs of all households; Rep. Demings is a former police chief in Orlando, who was a prosecutor of President Donald Trump’s first impeachment trial.

ABOUT THE NATIONAL ASSOCIATION OF REAL ESTATE BROKERS
NAREB was formed in 1947 to secure the right to equal housing opportunities regardless of race, creed, or color. NAREB has advocated for legislation and supported or instigated legal challenges that ensure fair housing, sustainable homeownership, and access to credit for Black Americans. Simultaneously, NAREB advocates for and promotes access to business opportunities for Black real estate professionals in each of the real estate disciplines.

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LOS ANGELES, CALIFORNIA, UNITED STATES, July 11, 2022 /EINPresswire.com/ — With skyrocketing home prices and rampant housing discrimination over decades, Black homeownership in the Los Angeles metro area needs a significant boost from the federal government. Support, such as a federal down payment assistance program, can help families and individuals build wealth and generate pride in their communities.

In Los Angeles, Black homeownership has fallen to 34.6%, the 124th lowest among metropolitan areas across the country, according to researchers at Stacker newswire. There is a gap of 17% between the Black and White (51.7%) homeownership rates.

“A legacy of discriminatory policies and practices prevented Black people from building intergenerational wealth, as White families did. Much of that wealth came from the equity in homes that were purchased throughout the last century,” said Mark Alston, owner of Alston Associates Mortgage Company and Public Affairs Committee Chair for the National Association of Real Estate Brokers (NAREB).

In Washington, lawmakers recognize the barriers limiting Black homeownership but have not enacted enough corrective measures. The House passed a $10 billion down payment assistance program for first-time, first-generation homebuyers as part of H.R. 5376, the original Build Back Better Act. But it has stalled in the Senate where negotiations are under way to determine which provisions will move forward.

Alston maintained that down payment assistance is critical to increasing Black homeownership. “Many Black families earn enough to make monthly payments on mortgage loans, but they lack the savings to pay the 20% down payments required,” said Alston, noting that nationwide data shows that Whites have eight times the wealth of Black people.

Lydia Pope, President of NAREB, said numerous studies have documented that federal entities such as Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA) systematically discriminated and redlined mortgage lending to Blacks.

In fact, FHA mortgage insurance was largely denied to Black people from the 1930s until the Kennedy Administration. “Homeownership was the vehicle that elevated working class White families to the middle class, “said Pope. “The wealth creation made possible through these public/private partnerships for White families was denied Black families.”

Further, Pope said, “The history is important because the wealth built by White families is passed on to millennials today from their grandparents and great grandparents. This money is often the down payment assistance White millennials receive. Black families do not have 2nd and 3rd generation wealth to pass on to millennial grandchildren. This is due to the racial discrimination by government and the real estate industry.”
Thus, NAREB sees federal action now as a remedy for the past racial bias.

In addition to the down payment assistance program, NAREB asserts that Loan-Level Price Adjustments (LLPAs) should be ended. When families qualify for mortgage loans, LLPAs allow lenders to adjust interest rates upward based on credit scores. And Private Mortgage Insurance Companies can also increase their rates for mortgage insurance. A comprehensive study by the Journal of Financial Economics found that risk-equivalent Latinx/Black borrowers pay significantly higher interest rates on GSE-securitized and FHA-insured loans because of LLPAs. These rate differences cost minority borrowers more than $450 million yearly.

NAREB also calls for federal action that would create uniform calculations for student loans on debt-to-income estimates for mortgage loan applications. Standard guidelines are needed for FHA, Fannie Mae, Freddie Mac, and Veterans Administration loans so the calculations are not left to lenders.

“With federal programs and inclusive practices and policies, America can turn the Black home ownership narrative into a positive one,” said Alston. “But the time for action is now.”
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ABOUT THE NATIONAL ASSOCIATION OF REAL ESTATE BROKERS
NAREB was formed in 1947 to secure the right to equal housing opportunities regardless of race, creed, or color. NAREB has advocated for legislation and supported or instigated legal challenges that ensure fair housing, sustainable homeownership, and access to credit for Black Americans. Simultaneously, NAREB advocates for and promotes access to business opportunities for Black real estate professionals in each of the real estate disciplines.

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